News & Views From Moore South

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When will the payrolling of benefits become mandatory? | Payrolling of benefits in kind 2027

HMRC previously announced that the new mandatory payrolling of benefits would be effective from 6 April 2026. This has now been postponed to 6 April 2027. From 6 April 2027, employers will be required to include all taxable benefits in kind (currently excluding employer-provided living accommodation and beneficial loans) in their employees’ payroll, so that the tax is collected in real-time, via PAYE.

1 May 2025 Read more

Tax Diary May/June 2025

Here are all the key tax dates for May/June 2025

22 Apr 2025 Read more

What are the benefits of Outsourced payroll services? | 6 Reasons why you should consider outsourcing your payroll processes

Outsourced payroll can benefit businesses of all sizes. Outsourced payroll aims to reduce processing costs by freeing internal staff to focus on projects that will add more value to your business. At the same time, we ensure your payroll is up to date and complies with the latest regulations so you can avoid costly penalties and fines. We asked our payroll outsourcing team to list their 6 key reasons why outsourced payroll can help your business.

22 Apr 2025 Read more

What is the Business Asset Disposal Relief after April 2025? | Key Capital Gains Tax (CGT) changes for 2025/26

Understanding Business Asset Disposal Relief (BADR) Business Asset Disposal Relief (BADR) provides an effective reduced rate of Capital Gains Tax (CGT) on the sale of a qualifying business, shares in a trading company, or an individual's interest in a trading partnership. The relief can still provide substantial tax savings for business owners exiting their businesses.

17 Apr 2025 Read more

Maternity Leave Pension Contributions, Payroll Mistakes & the New Neonatal Leave Law: What Employers Need to Know

Payroll teams have a critical role to play in ensuring compliance with employment legislation—especially when it comes to leave and pension entitlements. One area where errors frequently arise is during maternity leave, particularly in relation to pension contributions. With the recent introduction of neonatal leave laws, it’s more important than ever that payroll professionals understand their responsibilities. In this article, we’ll cover the key issues around maternity leave pension contributions, common payroll pitfalls, and what the new neonatal leave legislation means for your business.

14 Apr 2025 Read more

When does Making Tax Digital for Income Tax Start? | MTD for income tax Threshold

Making Tax Digital for Income Tax (MTD for income tax) will become mandatory in phases from April 2026. If you’re self-employed or have a landlord income of over £50,000, prepare for quarterly updates, digital record-keeping, and a new penalty system.

7 Apr 2025 Read more

Audit thresholds have changed effective from 6 April 2025

From financial periods beginning on or after 6th April 2025, the audit exemption thresholds in the UK are increasing, which may impact your business’s audit requirements going forward.

6 Apr 2025 Read more

Danielle Griffin Takes the Lead as Moore South’s New Group Managing Partner

Moore South Chartered Accountants and Business Advisers is pleased to announce the appointment of Danielle Griffin as Group Managing Partner, effective 1st April 2025. Danielle succeeds Andrew Coldwell, who has been a driving force behind the firm’s continued success.

1 Apr 2025 Read more

Moore South Celebrates Latest Leadership Promotions

Moore South Chartered Accountants and Business Advisers is pleased to announce the appointment of a new partner, as well as two new associate promotions.

1 Apr 2025 Read more

Spring Statement 2025: Simplifying the Spring Statement

Chancellor Rachel Reeves’ Spring Statement 2025, delivered on 26 March, arrived at a critical point for the UK economy. With the Office for Budget Responsibility downgrading growth forecasts to just over 1% for the year and borrowing costs climbing, the tone of the statement was more pragmatic than bold. The Chancellor focused on reforming the tax system, encouraging economic resilience, and driving public sector efficiency.

27 Mar 2025 Read more

Tax Diary April/May 2025

Here are all the Key Tax dates for April/May 2025

10 Mar 2025 Read more

How do the Pillar 2 top-up tax rules affect Large Businesses? | Who pays the Pillar 2 tax?

How does the Pillar 2 top-up taxes registration affect large businesses? You may be aware that the UK’s BEPS Pillar 2 top-up tax rules come into force for accounting periods beginning on or after 31 December 2023. Pillar 2 aims to ensure that large businesses pay a minimum effective tax rate of 15% within each jurisdiction they operate by imposing ‘Top-Up Taxes’, where that is not the case. These rules apply to multinational enterprises and groups of companies with annual consolidated revenues of €750 million in at least two out of the previous four accounting periods.